Discover and SIBS MB Establish Strategic Agreement to Increase Payment Acceptance
13 Luglio 2021 - 1:00PM
Business Wire
Global Cards issued by SIBS MB Member Banks
will have international acceptance on Discover Global Network
SIBS MB and Discover signed a strategic
agreement that increases the global acceptance footprint for both
organizations. This new strategic agreement gives Discover, Diners
Club International and network alliance cardholders the ability to
use their cards on the SIBS MB network at merchant and ATM
locations across Portugal.
The agreement will also allow members of SIBS MB to issue MB
cards that will be accepted on the Discover Global Network for
international purchases and cash withdrawals outside Portugal and
provides access to more than 50 million outlets in 200 countries
and territories via the Discover Global Network. This agreement
enhances SIBS MB’s strategy to grow the number of payment options
available to its members, and provides more choices to consumers on
how they want to pay.
SIBS MB Chief Executive Officer, Ana Grade said: “This strategic
partnership with Discover reinforces SIBS’ continuous efforts to
offer multiple payment options on a global scale. We believe that
this new alliance with the Discover Global Network will grant
tourists a compelling shopping experience in our country, while
introducing new options and increasing the choices for banks and MB
cardholders. This strategic partnership focuses on acquiring to
allow all Discover Global Network cards to be accepted through the
MB network, and on allowing SIBS MB issuers to issue MB cards that
will be accepted on the Discover Global Network for international
purchases and withdrawals outside of Portugal.”
“Through alliances with strong regional payments networks such
as SIBS MB, Discover is able to provide our partners with the
global reach, technical solutions, scale and the independence that
they value,” said Matt Sloan, vice president of international
markets at Discover. “We have many existing partners with
cardholders that regularly spend in Portugal who will benefit from
the dramatic increase in acceptance.”
About SIBS MB
SIBS MB, is the SIBS Group company that manages the MB brand,
which allows more than 23.7 million bank cards to make cash
withdrawals and electronic purchases at the ATM and POS of the MB
Network, in a safe and convenient way, with the payment
authorization in real time.
About Discover
Discover Financial Services (NYSE: DFS) is a digital banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover card, America's cash rewards
pioneer, and offers private student loans, personal loans, home
loans, checking and savings accounts and certificates of deposit
through its banking business. It operates the Discover Global
Network comprised of Discover Network, with millions of merchant
and cash access locations; PULSE, one of the nation's leading
ATM/debit networks; and Diners Club International, a global
payments network with acceptance around the world. For more
information, visit www.discover.com/company.
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Media Contacts
SIBS Brand & Communication
Office (+351) 217 813 000 comunicacao@sibs.com
Discover Sarah Grage Silberman
+1-224-405-6029 sarahgragesilberman@discover.com @Discover_News
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